{"id":514571,"date":"2023-01-03T11:08:56","date_gmt":"2023-01-03T16:08:56","guid":{"rendered":"https:\/\/wncen.com\/?p=514571"},"modified":"2023-03-08T07:26:24","modified_gmt":"2023-03-08T07:26:24","slug":"litecoin-up-by-7","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin-up-by-7\/","title":{"rendered":"Ol&#8217; Reliable Litecoin Up By 7% As LTC Flexes Muscles For 2023"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Known to be one of the oldest cryptocurrencies in the world, Litecoin (LTC) has been making headlines as it reported record high transaction numbers. <\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the altcoin\u2019s <\/span><span style=\"font-weight: 400\">official<\/span><span style=\"font-weight: 400\"> Twitter account, it has <\/span><a href=\"https:\/\/twitter.com\/litecoin\/status\/51636480?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">serviced<\/span><\/a><span style=\"font-weight: 400\"> 39 million transactions as of December 29.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Add on to this the accompanying <\/span><span style=\"font-weight: 400\">news<\/span><span style=\"font-weight: 400\"> that it has also hit second place in the unique addresses metric which grew to 52 million. These very bullish developments led to the token <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/litecoin\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">pumping<\/span><\/a><span style=\"font-weight: 400\"> 7% in the weekly timescale, according to Coingecko data.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The Litecoin Network completed over 39 million transactions in 2022. A new record!<\/p>\n<p>\u26a1$LTC\u26a1 <a href=\"https:\/\/t.co\/DXbnuur2tI\" rel=\"nofollow\">pic.twitter.com\/DXbnuur2tI<\/a><\/p>\n<p>\u2014 Litecoin (@litecoin) <a href=\"https:\/\/twitter.com\/litecoin\/status\/45393665?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 31, 2022<\/a><\/p><\/blockquote>\n<h2><strong>2022 Leaving Marks &#8211; Will 2023 Be A Healing Year?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The current developments are certainly bullish, but this didn\u2019t come without a cost. Like the broader crypto market, LTC\u2019s value has definitely suffered. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/litecoin\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, the altcoin dropped in value by 50.4% on the yearly timescale.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the new year seems to bring a renewed sentiment for LTC. A <\/span><a href=\"https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/zzy404\/litecoin_deliver_139000000th_transaction_today\/?utm_source=share&amp;utm_medium=web2x&amp;context=3\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Reddit post<\/span><\/a><span style=\"font-weight: 400\"> regarding the altcoin\u2019s 139,000,000th transaction quickly summarizes the sentiment surrounding the old altcoin; bullish and very appreciative of what the coin brings to the table.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Litecoin added 52 million new addresses to the network in 2022.<\/p>\n<p>The second most of any crypto. <a href=\"https:\/\/twitter.com\/hashtag\/YearInReview?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#YearInReview<\/a> <a href=\"https:\/\/t.co\/p5jAr9wZI0\" rel=\"nofollow\">pic.twitter.com\/p5jAr9wZI0<\/a><\/p>\n<p>\u2014 Litecoin (@litecoin) <a href=\"https:\/\/twitter.com\/litecoin\/status\/58738689?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 30, 2022<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Litecoin, compared to smart contract providers on Ethereum, is commonly used as a payment method on Bitpay, the oldest cryptocurrency processor in the market.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">In just one year, monthly Litecoin use, with the worlds largest crypto processor, increased 109% \ud83d\ude80 <a href=\"https:\/\/t.co\/DBXe6OTdib\" rel=\"nofollow\">pic.twitter.com\/DBXe6OTdib<\/a><\/p>\n<p>\u2014 Litecoin (@litecoin) <a href=\"https:\/\/twitter.com\/litecoin\/status\/66862848?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 2, 2023<\/a><\/p><\/blockquote>\n<p><a href=\"https:\/\/bitpay.com\/blog\/litecoin-payments-on-the-rise\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Between August 2021 and November 2022<\/span><\/a><span style=\"font-weight: 400\">, payments using LTC increased by 109%, from 3,478 to 24,207. Transaction share of the altcoin on the payment platform is at 27%, almost trumping the other altcoins available on the platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitpay and the community cited multiple reasons as to why adoption of the coin as a payment method grew but one metric stands above all: runtime.\u00a0<\/span><\/p>\n<h2><strong>Nearly 100% Runtime For Litecoin Since Inception<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">LTC has overwhelming advantage in the runtime department compared to other <\/span><a href=\"https:\/\/status.solana.com\/history?page=3\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">altcoins<\/span><\/a><span style=\"font-weight: 400\">. This certainly attracted investors and traders on the trust issue, the most important social metric a cryptocurrency can have.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/solana-up-13-since-yesterday\/\" target=\"_blank\" rel=\"noopener \">Solana Up 13% Since Yesterday, A Sign Of Brighter Things to Come?<\/a><\/div>\n<pre style=\"text-align: center\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/t6pVAMtA\/\" width=\"2047\" height=\"979\">LTC total market cap at $5.3 billion on the daily chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">According to Jameson Lopp, CTO and Co-Founder of <\/span><a href=\"https:\/\/twitter.com\/CasaHODL\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Casa HODL<\/span><\/a><span style=\"font-weight: 400\">, LTC&#8217;s runtime in the past 10 years has been near 100%. Quite a feat for an altcoin released 11 years ago.<\/span><\/p>\n<figure id=\"attachment_489195\" aria-describedby=\"caption-attachment-489195\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-489195\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Litecoin.jpg?resize=460%2C305\" alt=\"Litecoin\" width=\"460\" height=\"305\"><figcaption id=\"caption-attachment-489195\" class=\"wp-caption-text\">Image: Pixabay<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">With adoption increasing and a new bullish sentiment formed on LTC, the coin is expected to have a reinvigorated price in the coming months.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/sushiswap-new-token-model\/\" target=\"_blank\" rel=\"noopener \">SushiSwap Head Chef Suggests Cooking Up New Token Model \u2013 Will The DEX Survive 2023?<\/a><\/div>\n<p><span style=\"font-weight: 400\">With LTC&#8217;s halving coming this year, we should see the altcoin\u2019s price increase in the next coming months as well.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Short-term, <\/span><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/litecoin-price-prediction-last-train-to-06\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">analysts<\/span><\/a><span style=\"font-weight: 400\"> think that LTC will break towards $100. But LTC faces significant resistance at $76.48 and $77.98 price resistance levels. <\/span>If the bullish sentiment and the current steady momentum continues, we\u2019ll see LTC in that price level in no time.<\/p>\n<p><em>-Featured image Fool.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Known to be one of the oldest cryptocurrencies in the world, Litecoin (LTC) has been making headlines as it reported record high transaction numbers. According to the altcoin\u2019s official Twitter account, it has serviced 39 million transactions as of December 29.\u00a0 Add on to this the accompanying news that it has also hit second place in the unique addresses metric which grew to 52 million. These very bullish developments led to the token pumping 7% in the weekly timescale, according to Coingecko data.\u00a0 The Litecoin Network completed over 39 million transactions in 2022. A new record! \u26a1$LTC\u26a1 pic.twitter.com\/DXbnuur2tI \u2014 Litecoin (@litecoin) December 31, 2022 2022 Leaving Marks &#8211; Will 2023 Be A Healing Year? The current developments are certainly bullish, but this didn\u2019t come without a cost. Like the broader crypto market, LTC\u2019s value has definitely suffered. According to CoinGecko, the altcoin dropped in value by 50.4% on the yearly timescale.\u00a0 However, the new year seems to bring a renewed sentiment for LTC. A Reddit post regarding the altcoin\u2019s 139,000,000th transaction quickly summarizes the sentiment surrounding the old altcoin; bullish and very appreciative of what the coin brings to the table.\u00a0 Litecoin added 52 million new addresses to the network in 2022. The second most of any crypto. #YearInReview pic.twitter.com\/p5jAr9wZI0 \u2014 Litecoin (@litecoin) December 30, 2022 Litecoin, compared to smart contract providers on Ethereum, is commonly used as a payment method on Bitpay, the oldest cryptocurrency processor in the market.\u00a0 In just one year, monthly Litecoin use, with the worlds largest crypto processor, increased 109% \ud83d\ude80 pic.twitter.com\/DBXe6OTdib \u2014 Litecoin (@litecoin) January 2, 2023 Between August 2021 and November 2022, payments using LTC increased by 109%, from 3,478 to 24,207. Transaction share of the altcoin on the payment platform is at 27%, almost trumping the other altcoins available on the platform.\u00a0 Bitpay and the community cited multiple reasons as to why adoption of the coin as a payment method grew but one metric stands above all: runtime.\u00a0 Nearly 100% Runtime For Litecoin Since Inception LTC has overwhelming advantage in the runtime department compared to other altcoins. This certainly attracted investors and traders on the trust issue, the most important social metric a cryptocurrency can have.\u00a0 Related Reading: Solana Up 13% Since Yesterday, A Sign Of Brighter Things to Come? LTC total market cap at $5.3 billion on the daily chart | Chart: TradingView.com According to Jameson Lopp, CTO and Co-Founder of Casa HODL, LTC&#8217;s runtime in the past 10 years has been near 100%. Quite a feat for an altcoin released 11 years ago. With adoption increasing and a new bullish sentiment formed on LTC, the coin is expected to have a reinvigorated price in the coming months.\u00a0 Related Reading: SushiSwap Head Chef Suggests Cooking Up New Token Model \u2013 Will The DEX Survive 2023? With LTC&#8217;s halving coming this year, we should see the altcoin\u2019s price increase in the next coming months as well. Short-term, analysts think that LTC will break towards $100. But LTC faces significant resistance at $76.48 and $77.98 price resistance levels. If the bullish sentiment and the current steady momentum continues, we\u2019ll see LTC in that price level in no time. -Featured image Fool.com<\/p>\n","protected":false},"author":557,"featured_media":514575,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[75,134,8080,10,2828,3505],"class_list":["post-514571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-adoption","tag-altcoin","tag-halving","tag-litecoin","tag-ltc","tag-price-analysis"],"acf":[],"yoast_head":"\n<title>Ol&#039; Reliable Litecoin Up By 7% As LTC Flexes Muscles For 2023<\/title>\n<meta name=\"description\" content=\"Known to be one of the oldest cryptocurrencies in the world, Litecoin (LTC) has been making headlines as it reported record high transaction numbers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/litecoin-up-by-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ol&#039; 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ol&#8217; Reliable Litecoin Up By 7% As LTC Flexes Muscles For 2023","url":"http:\/\/wncen.com\/news\/litecoin-up-by-7\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/litecoin-up-by-7\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Litecoin.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Litecoin.png?fit=802%2C426"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["adoption","altcoin","halving","litecoin","ltc","price analysis"],"dateCreated":"2023-01-03T16:08:56Z","datePublished":"2023-01-03T16:08:56Z","dateModified":"2023-03-08T07:26:24Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ol&#8217; Reliable Litecoin Up By 7% As LTC Flexes Muscles For 2023\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/litecoin-up-by-7\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/litecoin-up-by-7\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Litecoin.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Litecoin.png?fit=802%2C426\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"adoption\",\"altcoin\",\"halving\",\"litecoin\",\"ltc\",\"price analysis\"],\"dateCreated\":\"2023-01-03T16:08:56Z\",\"datePublished\":\"2023-01-03T16:08:56Z\",\"dateModified\":\"2023-03-08T07:26:24Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Litecoin.png?fit=802%2C426","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/514571"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=514571"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/514571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/514575"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=514571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=514571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=514571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}